Dallas Landry

LC Real Estate Group is pleased to present the opportunity to purchase The Magnolia, a six unit apartment building in Greeley, Colorado.​ The apartments are conveniently located within minutes from Downtown Greeley and the University of Northern Colorado with easy access to the rest of Greeley one block from 8th Avenue/State Highway 85 Business Route.​   ​ Six-unit apartment building with desirable unit mix:  Two 2 Bedroom, 1 Bathroom and Four 3 Bedroom, 1 Bathroom Units ​ The property was renovated in 2019 including updated facade, landscaping, and interior updates ​ Great unit amenities include: Individually forced air heating, individual hot water heater, balconies/covered patios, common area laundry room, secured entry/access, and second living area in 2 bedroom units   ​ Leasing upside with current in-place rent of $1.46/SF with survey 2 Bed / 1 Bath units at $1.50/SF and 3 Bed / 1 Bath units at $1.61/SF  ​ Low current in-place price per bedroom of $382/bed  ​ Low-maintenance finishes and landscaping allow for low ongoing operating costs  ​ Additional income opportunity to add coin-operated laundry to the existing laundry room not currently being utilized ​ Opportunity to bill back a monthly trash fee and/or pet rent to future tenants  ​ Opportunity to increase rents by fencing in and amenitizing backyard/back of lot

1170-1172 E 5th St #1170-1172 is in Loveland, CO and in ZIP code 80537.

Derek G. Andersen

Dallas Landry

About Dallas Landry

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Recent property sales & transaction history

2 properties

Greeley

Family Home

$550,000 to $700,000

2,400 ft² to 3,600 ft²

Properties for sale by listing agent Dallas Landry

$785,000

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Dallas Landry

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